IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-319-52851-9_8.html
   My bibliography  Save this book chapter

Life Insurance Products

In: Fundamentals of the Insurance Business

Author

Listed:
  • Massimiliano Maggioni

    (University of Milano)

  • Giuseppe Turchetti

    (Sant’Anna School of Advanced Studies)

Abstract

This chapter illustrates the main life insurance products. Different types of cover have been divided into four macro-categories, based on the individual’s needs, and the characteristics of each are described: 1. Covers for the risk of death include “traditional” life insurance policies with death benefit: ordinary life insurance, Term life insurance and decreasing term policy. 2. Accumulation and savings consist of two main areas: life insurance products for family planning and financial insurance products. 3. Retirement provision products describe pension funds and Pan-European Pension Product (PEPP). Capitalisation system and PAYGO system. 4. Protection of health places special focus on health policies similar to life products (SLT Health), based on the duration of the covered risk. Serious illness (Dread Disease), Long-term care (LTC) and Activities of Daily Living (ADLs). A special section describes the insurance products for professional investors, such as Portfolio bonds (or wrapper products), Reverse Mortgage (or Equity release), impaired life annuity (or enhanced annuity), preferred lives, Longevity bonds, Constant Proportion Protection Insurance (CPPI). Finally, the classifications of PRIIPs insurance products and IBIPs are illustrated.

Suggested Citation

  • Massimiliano Maggioni & Giuseppe Turchetti, 2024. "Life Insurance Products," Springer Texts in Business and Economics, in: Fundamentals of the Insurance Business, chapter 8, pages 127-160, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-52851-9_8
    DOI: 10.1007/978-3-319-52851-9_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-319-52851-9_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.